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Singapore decisions
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The High Court held that clawed-back commissions under a representative agreement were a liquidated sum, so the statutory demand should not have been set aside.
The High Court dismissed an application to extend time and set aside a statutory demand based on judgment debts, holding that a pending challenge to those debts was not enough.
The court dismissed a debtor’s bid to set aside a statutory demand, upheld service, extended time for a bankruptcy filing, and ordered personal costs against counsel for misciting cases.
The High Court held that s 352(6) IRDA does not permit prospective approval of a funding creditor’s priority before funding is provided and assets are recovered or preserved.
On appeal, the High Court upheld revocation of consent orders affecting matrimonial property after bankruptcy, holding the assets had vested in the Official Assignee.
The High Court set aside a statutory demand because the main clawed-back commission claim was not a liquidated sum under the IRDA.
The court dismissed an application for more time to file an appeal, holding that the applicants’ lengthy delay, repeated missed deadlines, and weak merits did not justify relief.
Appeal over division of matrimonial assets. The court upheld inclusion of money in a personal bank account, an adverse inference uplift, and the renovation expense treatment, but reduced the wife’s indirect contribution share.
The court set aside admission of two bankruptcy proof-of-debt claims over disputed TL and Finished Goods sums, ordering a trial because the evidence was too contested and incomplete.
The High Court held that leave was required to commence arbitration against private trustees in bankruptcy, refused retrospective leave, and declined a stay of the insolvency claim.
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